Archive for the ‘franchising’ Category
See how easily you can compare Franchise
August 27th, 2010 | 
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If you have the appetite to take a risk and venture into business, there are various options available to you but as an investor you will always prefer a business with a lower risk and higher percentage of returns. One of the most acceptable business models today is the business franchise model, this is due to the fact that franchise business opportunities can be a great source of income with a comparatively lower risk as compared to the traditional small business. In fact there can be some interesting comparisons that can be made between the two business models, approaches and opportunities. Franchise business opportunities firstly help you to work on an existing brand name and hence as a business owner you can predict the customer’s view about your business/brand as well as the way people would respond to the franchise outlet. Whereas in the traditional small business, the customers are unaware about what you offer and may be hesitant to try out your product/service initially.
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Now you can have your own small business franchise
There are business models that have been implemented and there have been several that have been successful. One such business model is the franchise model which has been highly successful all over the world. The franchise model consists of two parties; the franchisor – lending their license to another party: franchisee. This license is useful in setting up a business with the use of the trade name or trademarks of the franchisor. The franchisor licenses for the trademarks and the methods of its business operations to the franchisee. The franchisor charges a fee for this and also takes an agreed percentage of the profit from the franchisee.
Now you can have a technology franchise
Pink Connect are offering an exclusive business technology franchise with complete consultation and solution to both small and medium enterprises in the UK. Pink Connect provides excellent and simplified services helping small to medium size enterprises develop spectacularly over the years. Owning a Pink Connect technology franchise will enable you to take advantage of our tremendously developing place in the market due to high demand in our services throughout the UK.
Do you want a business franchise opportunity?
Are you tired about thinking of business plans?
Have you thought about a UK franchise?
If you have you will definitely agree that when compared to other business models, business franchises seem can be more lucrative and attractive. Good research can definitely help you when selecting the right kind of franchise opportunity. Analysing various alternatives and selecting the best can be very profitable. You can fully understand how good this opportunity is only when you compare it with other business models. Firstly, you have to analyse the advantages and disadvantages of the type of business you are selecting. A franchise business is like getting license to run your own business which already has a brand name in the market.
Franchise industry contributes £11.8bn to UK economy despite recession
Original article published in Franchise World
UK franchise businesses continue to grow and remain robust despite economic conditions, with the industry contributing £11.8bn to the country’s GDP last year, an increase of £400m from last year, according to the latest findings from the annual NatWest/British Franchise Association survey 2010.
Stop Press – Swindon Area is sold
Congratulations to Stephen Spanner who has just come on board and taken the Franchise for the Swindon area (SN Postal Codes) – we are confident Steve will be a highly successful Franchisee and we look forward to working with him
Amazing!
James,
When was selling for another service provider I often used to sell on service, but never had that warm feeling that delivery of the solution would go smoothly! My experience so far of selling the Pink portfolio has been excellent. Once the deal is done I can hand over to the provision team and know that everything will go smoothly and with no fuss. Just knowing that Pink Connect will deliver properly makes it so much easier when enthusing about a solution to a prospect and virtually guarantees repeat business. I have never worked with such an enthusiastic and customer focused bunch of people!
Regards,
Andy
Andy Moore
Director
Pink Connect (Bristol)
What is a Franchise?
Franchising gives you the confidence to start a business on your own.
Growing rapidly worldwide as a proven way to develop successful new business ventures, business format franchising offers a ready-made solution to the uncertainties faced by those wanting to start up a new business.
When most people hear the word ‘franchising’ they probably think of fast food restaurants such as Burger King or McDonald’s but what you might not know is that franchising offers a wide variety of business opportunities for you to become a part of.
Franchising has proved to be one of the most successful ways of starting a business, compared to starting out on your own from scratch, and there are now over 665 different businesses operating as franchises in the UK.
The franchise principle is simple – all companies want to grow, so the idea is to permit a license to others to help sell their established product or service.
The owner of a business – THE FRANCHISOR – grants a licence to a local operator – THE FRANCHISEE – to use the franchisor’s name, product, service and association goodwill for a specific period of time. The franchisor in turn supplies a complete, proven concept together with their own unique ‘know-how’ thereby removing, for the franchisee, some of the uncertainties in starting a new business.
WHAT ARE THE ADVANTAGES OF A FRANCHISE?
- You don’t have to come up with a business idea, which might be time consuming and expensive
- A tried and tested market
- An established trade name
- Access to an experienced network and advice
- An allocated franchise trade area
- Training in business skills and sales will be offered from good franchises
- Market intelligence from the Franchisor
- Marketing activities undertaken by the Franchisor
- Bulk buying powers of the franchisor
- Finance may be more readily available
- Lead-time to success with a franchise may be smaller than that of a regular start up
WHO IS IN CONTROL?
Each franchise outlet is owned and operated by the franchisee and is the franchisee’s very own business. However, the franchisor retains control over the way in which the products and services are marketed and sold.
To make a franchise successful there needs to be a solid partnership, combing the franch
isee’s talents with the franchisor’s experience and knowledge.
WHAT IS THE COST OF THE FRANCHISE?
The franchisor will receive an initial fee from the franchisee, payable at the outset, together with on-going management service fees for the franchise license – usually based on a percentage of annual turnover or mark-ups on supplies.
In return, the franchisor has an obligation to support the franchise network, notably with training, product development, advertising and promotional activities.
VIEW THE ORIGINAL ARTICLE AT FRANCHISEINFO.CO.UK
Report finds franchise success rate of 91.8%
A new report into the UK’s franchise sector has been published, revealing that franchised businesses achieved a 91.8 per cent success rate in the last 12 months. ‘Franchising in the UK’, published today by Franchise Development Services (FDS), is based on a survey which found that only 8.8 per cent of franchise owners report that they are not breaking even or better. 61.7 per cent describe their businesses as ‘satisfactory’ or ‘highly profitable’. Furthermore, optimism is high among the owners of franchised business with 98.6 per cent expecting to achieve growth in the next 12 months. “Franchising as a sector naturally outperforms the economy during any economic circumstances because it is based upon developing highly stable business concepts and replicating them across national networks of enthusiastic and motivated franchise owners,” said Professor Roy Seaman, Chairman of FDS, which also publishes The Franchise Magazine. “In an economic downturn the difference becomes pronounced because so many franchised businesses continue to perform well while other businesses suffer. “In the last 12 months FDS has identified over 230 companies that have chosen the franchise expansion route. For less than £50,000 – the cost of opening one new company-owned and managed location – they can be up and running with two or more franchised outlets within a year.”